Financial Accounts of the United States - Z.1
R.103 Change in Net Worth of Nonfinancial Corporate Business
Billions of dollars; not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; net worth (1) | FC102090005 | 2445.9 | 5752.4 | -1699.3 | -757.7 | -1515.4 | -451.9 | 1025.7 | 801.2 | 761.4 | 1 |
| Nonfinancial corporate business; net investment | FU105060005 | 476.9 | 966 | 977.7 | 447 | 426.4 | 151.1 | -46.8 | -21.3 | 73.9 | 2 |
| Nonfinancial corporate business; net physical investment | FU105061005 | 274.3 | 613.5 | 804.4 | 327.8 | 181.2 | 195.4 | 99.9 | 138.8 | 78.1 | 3 |
| Nonfinancial corporate business; total capital expenditures | FU105050005 | 1954 | 2155.5 | 2675.6 | 745.4 | 608.8 | 690.1 | 631.4 | 678.8 | 621.2 | 4 |
| Nonfinancial corporate business; gross fixed investment | FU105019005 | 1998.2 | 2163.7 | 2428 | 580.5 | 598.1 | 618.5 | 631 | 638.9 | 651.3 | 5 |
| Nonfinancial corporate business; inventories including IVA | FU105020005 | -44.2 | -14.6 | 142 | 84.4 | 7 | 49.6 | 1 | 40.3 | -29.5 | 6 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FU105420005 | 0 | 6.4 | 105.5 | 80.5 | 3.7 | 22 | -0.6 | -0.4 | -0.5 | 7 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products (NIPA basis) | FU106300005 | 1706 | 1798.9 | 2002 | 479.3 | 494.8 | 509.6 | 518.3 | 532.1 | 540.8 | 8 |
| Nonfinancial corporate business; consumption of fixed capital, residential structures and equipment, current cost basis | FU106320005 | 4.3 | 6 | 6.1 | 1.2 | 1.7 | 1.9 | 1.3 | 1.7 | 1.7 | 9 |
| Nonfinancial corporate business; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FU106330005 | 1701.7 | 1792.8 | 1995.9 | 478.1 | 493.1 | 507.7 | 517 | 530.4 | 539.2 | 10 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FU105020601 | -26.4 | -256.9 | -130.8 | -61.7 | -67.3 | -15 | 13.1 | 7.9 | 2.3 | 11 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FU105000005 | 172.5 | 241.8 | 513.2 | 198.8 | 354.6 | 17.7 | -57.9 | -146.6 | -14.3 | 12 |
| Nonfinancial corporate business; total financial assets | FU104090005 | 395 | 1345.9 | 1176.7 | 653 | 440.1 | 53.8 | 29.7 | 53.8 | 207.5 | 13 |
| Nonfinancial corporate business; total liabilities and equity | FU104194005 | 222.5 | 1104.1 | 663.4 | 454.2 | 85.5 | 36.1 | 87.6 | 200.4 | 221.8 | 14 |
| Nonfinancial corporate business; corporate equities; liability | FU103164103 | -133.4 | -275.1 | -604.6 | -144.9 | -186.5 | -136.2 | -137 | -122.9 | -92.8 | 15 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FU103192105 | 163.5 | 385.8 | 264.7 | 65.3 | 77.1 | 74.2 | 48.1 | 109.4 | 102.9 | 16 |
| Nonfinancial corporate business; assets less liabilities with revaluations | FR108000005 | 1937.2 | 4916.6 | -2507.9 | -1121 | -1907.8 | -567.2 | 1088.1 | 827.2 | 696.7 | 17 |
| Nonfinancial corporate business; nonfinancial assets | FR102010005 | 893.3 | 2937.6 | 480.1 | -141.7 | 234 | 328.1 | 59.7 | 16.7 | 277.2 | 18 |
| Nonfinancial corporate business; real estate at market value | FR105035005 | 668.7 | 2332.6 | -115.6 | -344.8 | -29.9 | 294.9 | -35.8 | -117.3 | 230.5 | 19 |
| Nonfinancial corporate business; equipment, current cost basis (2) | FR105015205 | 41.4 | 339.7 | 418.2 | 107.4 | 131.3 | 87.4 | 92.2 | 115.9 | -16.1 | 20 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis (2) | FR105013765 | 141.5 | 68 | 151.2 | 35.6 | 47.2 | 43.6 | 24.8 | 51.6 | 42.3 | 21 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis (2) (3) | FR105020015 | 41.7 | 197.3 | 26.4 | 60.1 | 85.5 | -97.7 | -21.5 | -33.5 | 20.4 | 22 |
| Nonfinancial corporate business; financial assets with revaluations with corporate farms (IMA) | FR108080095 | 727.6 | 1676.3 | -2414.5 | -782.3 | -1795.3 | -763 | 926.1 | 680.7 | 332.5 | 23 |
| Nonfinancial corporate business; debt securities; asset | FR104022005 | 1.8 | -4.7 | -17.9 | -8 | -4.8 | -6.2 | 1.1 | 3.4 | -2.2 | 24 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FR103092305 | -6.1 | -10.7 | 41.9 | -4.2 | 14.8 | 30.4 | 0.8 | -7.7 | -0 | 25 |
| Nonfinancial corporate business; corporate equities; asset | FR103064103 | 361.4 | 703.1 | -607.5 | -155 | -485 | -128.3 | 160.7 | 168.4 | 210 | 26 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FR103092105 | 331.1 | 942 | -1749.4 | -587 | -1266.9 | -639.1 | 743.6 | 498.7 | 109.2 | 27 |
| Nonfinancial corporate business; mutual fund shares; asset | FR103064203 | 39.4 | 46.7 | -81.5 | -28.1 | -53.3 | -19.9 | 19.9 | 17.9 | 15.6 | 28 |
| Nonfinancial corporate business; total miscellaneous assets | FR103090005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29 |
| Nonfinancial corporate business; liabilities with revaluations | FR108100005 | -316.3 | -302.6 | 573.6 | 196.9 | 346.6 | 132.4 | -102.3 | -129.8 | -87 | 30 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FR103192305 | -5.8 | -8.1 | 0.3 | -2.1 | -1.5 | 1.2 | 2.7 | -13.5 | -0 | 31 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FR573073005 | -310.5 | -294.5 | 573.3 | 199 | 348.1 | 131.2 | -105 | -116.3 | -87 | 32 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FR103193005 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 33 |
| Nonfinancial corporate business; other volume changes (4) | FV108090005 | 31.8 | -130.2 | -169 | -83.8 | -33.9 | -35.8 | -15.5 | -4.7 | -9.3 | 34 |
| Nonfinancial corporate business; net worth (5) | FL102090005 | 27170.3 | 32922.6 | 31223.4 | 32164.9 | 30649.5 | 30197.6 | 31223.4 | 32024.5 | 32785.9 | 35 |
NOTES
- Sum of net investment (line 2), net holding gains (line 17), and other volume changes (line 34).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.103, line 41.
Last Update: September 11, 2023